Sit Investment Associates Inc. Grows Stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust $GBAB

Sit Investment Associates Inc. raised its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 696,506 shares of the investment management company’s stock after buying an additional 74,078 shares during the quarter. Sit Investment Associates Inc.’s holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust were worth $10,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in GBAB. Advisory Services Network LLC bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 3rd quarter worth approximately $35,000. Kestra Advisory Services LLC purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the fourth quarter valued at $90,000. Invictus Private Wealth LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 3rd quarter worth about $170,000. Mosaic Family Wealth Partners LLC purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the third quarter worth approximately $181,000. Finally, Jane Street Group LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter worth $189,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Up 0.5%

NYSE:GBAB opened at $14.20 on Friday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a twelve month low of $13.51 and a twelve month high of $15.94. The stock has a fifty day simple moving average of $14.23 and a 200-day simple moving average of $14.76.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.1257 dividend. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date is Monday, June 15th.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE: GBAB) is a closed-end management investment company organized as a statutory trust. The trust’s shares trade on the New York Stock Exchange, offering investors access to a diversified portfolio of taxable municipal securities and high-quality corporate debt instruments. As an externally managed vehicle, GBAB provides market participants with a convenient way to seek income and potential capital appreciation through a single exchange-listed security.

The fund’s primary investment strategy focuses on taxable municipal bonds issued by state and local governments across the United States.